The round included Jaguar Land Rover, Dr. Martens and Tapestry and comes as a newly rebranded Gen Phoenix looks to bring its recycled leather to luxury fashion and car seat covers.
Category: News
Deal Roundup: Isar Aerospace’s series C reaches $165m
Porsche took part in satellite launcher developer Isar Aerospace’s $165m series C round while digital insurance portal Qoala boosted its corporate-backed series B to over $72m.
Deal Roundup: ArriVent arrives at $155m series B round
Eli Lilly took part in the biopharmaceutical startup’s $155m series B while Weiqiao Pioneering led a $112m series A-plus round for robotic truck developer DeepWay.
Sato steps back from MS&AD Ventures
After almost five years, GCV Powerlist mainstay and MS&AD Ventures founder Tak Sato has departed from his managing partner position.
US fusion startup receives $29m
Type One Energy will use the venture financing to fund the commercialisation of its stellarator fusion technology.
Deal Roundup: Bend Health takes care in $32m round
Corporate-backed WVV Capital helped paediatric health startup Bend Health raise $32m while Snowflake contributed to a $28m round for data collaboration platform Hex.
Metals recycling startup raises $16m
PH7 Technologies has closed a series A round that will fund a technology which recycles precious metals critical to the energy transition.
Deal Roundup: Kream takes in $168m
Naver, SoftBank and Samsung backed Kream’s $168m series C round while BMS and Lyell helped lift Outpace Bio’s series A to $55m.
The Big Deal: eToro’s value shrinks on financial markets turmoil
Online trading platform eToro’s valuation was cut by two-thirds in a $250m round this week, as the financial markets slump hits the sector.
Corporate VC deals continue to decline in February
The number of startup funding rounds backed by corporate investors dropped 43% year-on-year in February. Deal value was down by two-thirds.
Deal Roundup: JD Industrials builds $300m series B round
JD Group spinoff JD Industrials raised $300m in a series B round co-led by by G42 while Mizuho Bank led Kredivo’s $270m series D.
HTGF heightens investments as inflation bites
German investment firm High-Tech Gründerfonds has launched a new fund that aims to fill the gap in larger financings.
Deal Roundup: eToro finds $250m funding
Ion Group and SoftBank backed online trading platform eToro at a $3.5bn valuation while Axa helped health benefits provider Gravie raise $179m.
Strangeworks’ Hitachi-led round solidifies quantum deal rush
Strangeworks raised $24m in series A funding from investors including Hitachi, Raytheon and IBM, with the quantum computing sector well over halfway to its 2022 CVC funding total.